COUNTRY • EGYPT
Last Update: 25 Sep 2023 2:15 GMT+0

The Egypt 10Y Government Bond has a 26.298% yield.

10 Years vs 2 Years bond spread is 124.8 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 19.25% (last modification in August 2023).

The Egypt credit rating is B, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 1,512.79 and implied probability of default is 25.21%.

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
3 months 24.329% +147.2 bp +640.5 bp 22 Sep
6 months 26.948% +38.1 bp +500.8 bp 22 Sep
9 months 26.664% +38.9 bp +372.4 bp 22 Sep
1 year 25.489% -50.7 bp +212.1 bp 79.69 +0.40 % -1.69 % 22 Sep
2 years 25.050% +61.0 bp +141.3 bp 63.95 -0.98 % -2.25 % 22 Sep
3 years 26.636% +100.5 bp +354.1 bp 49.24 -2.36 % -8.15 % 22 Sep
5 years 26.485% +141.8 bp +401.1 bp 30.89 -5.48 % -14.88 % 22 Sep
7 years 26.347% +141.5 bp +450.0 bp 19.46 -7.55 % -22.41 % 22 Sep
10 years 26.298% +145.0 bp +454.0 bp 9.68 -10.95 % -30.66 % 22 Sep
Last Update: 25 Sep 2023 2:15 GMT+0

Egypt Yield Curve Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (19.25%)
3 months 1 year 2 years 5 years
10 years 26.298% 704.8 bp
5 years 26.485%
723.5 bp
2 years 25.050%
580.0 bp
1 year 25.489%
623.9 bp
3 months 24.329%
507.9 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y -43.9 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y 143.5 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 124.8 bp Normal Convexity in Long-Term vs Short-Term Maturities

Egypt Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Egypt Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
B
negative
Moody's Investors Service
B3
-
Fitch Ratings
B
negative
DBRS
-
-

Egypt Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
Interest Rates Value
Central Bank Rate 19.25%

Egypt Credit Default Swaps

The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 1,512.79 -1.90 % +4.25 % +244.40 % 25.21 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Egypt 10Y Bond Yield Spread

The Egypt 10Y Government Bond has a 26.298% yield. Click on Spread value for the historical serie.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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Egypt 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 2557.4 bp +137.7 bp +407.5 bp Compare
China 10Y 2359.1 bp +132.6 bp +472.5 bp Compare
Germany 10Y 2356.6 bp +127.4 bp +395.8 bp Compare
France 10Y 2301.3 bp +125.4 bp +392.4 bp Compare
Spain 10Y 2249.2 bp +122.3 bp +395.2 bp Compare
Canada 10Y 2234.8 bp +123.2 bp +335.6 bp Compare
United Kingdom 10Y 2203.9 bp +162.6 bp +356.5 bp Compare
Australia 10Y 2198.4 bp +127.8 bp +345.3 bp Compare
United States 10Y 2183.9 bp +122.4 bp +345.3 bp Compare
Italy 10Y 2166.6 bp +105.0 bp +391.1 bp Compare
India 10Y 1914.8 bp +150.6 bp +470.8 bp Compare
Brazil 10Y 1487.7 bp +113.8 bp +610.5 bp Compare
Russia 10Y 1374.3 bp +83.5 bp +314.5 bp Compare

Egypt Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
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Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
10 years 26.298% 9.68 13.12 19.99 26.86 33.72 40.59
7 years 26.347% 19.46 22.51 28.63 34.74 40.86 46.97
5 years 26.485% 30.89 33.50 38.72 43.94 49.16 54.37
3 years 26.636% 49.24 51.15 54.96 58.77 62.58 66.39
2 years 25.050% 63.95 65.39 68.27 71.14 74.02 76.90
1 year 25.489% 79.69 80.49 82.08 83.67 85.27 86.86
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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